JPMorgan Warns U.S. Stocks Could Fall 10% on Middle East Conflict, Market Not Yet Priced In
**March 9 (Reuters) – JPMorgan’s trading division warned Monday that a potential Iran conflict could trigger a 10% pullback in the S&P 500 from its peak, with U.S. stock traders unprepared for such a downturn.**
Andrew Tyler, chief of JPMorgan’s Global Market Insights, said he has turned tactically bearish on U.S. equities as the Middle East conflict escalates without signs of easing and oil prices surge above $100 a barrel. A 10% pullback would push the S&P 500 to around 6270 points—roughly 7% below last Friday’s close, he noted.
Tyler added investors’ current positions are “overall neutral, lacking extreme risk-off positioning” because traders had expected the situation to de-escalate. Energy stocks saw net selling last week, but oil prices jumped past $100 after several Gulf nations announced production cuts, stoking concerns over a long-term supply shock and stagflation risks.
Should the conflict prove short-lived, the risks could fade quickly, Tyler said. “Once a clear pa
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NFT liquidity trading platform gondixyz hacked due to a vulnerability, resulting in a loss of around $230,000
On March 9, Goplus monitoring showed that NFT liquidity platform gondixyz was compromised due to a vulnerability, resulting in the theft of multiple NFTs with estimated losses of around $230,000.
In a statement, gondixyz officials advised users not to repay loans until the team confirms the platform is secure. They also recommended users immediately revoke approvals for affected contracts via Revoke.cash and refrain from initiating any new activities on the platform.
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Bloomberg Analyst: Tokenization Won't Replace ETFs, Instead ETFs Will Go Global on the Blockchain
On March 9th, Bloomberg ETF analyst Eric Balchunas took to social media to note that tokenization won’t replace ETFs—but it will democratize them. This is a bullish development: it will bring the world’s most popular ETFs onto the blockchain, making them accessible to people in underserved countries.
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Morgan Stanley: S&P 500 Pullback Nearing an End, Volatility Duration to Hinge on Oil Price and Dollar
On March 9th, Morgan Stanley Chief Investment Officer Michael Wilson said the S&P 500’s rolling pullback may be closer to the end than the start.
He’s constructive on the index over the next 6-12 months, forecasting improved earnings growth and market breadth.
Wilson noted that oil prices and the U.S. dollar’s trend will dictate how long volatility persists. Risks will linger if oil stays above $100 or the Federal Reserve delays rate cuts.
Short-term pullbacks could offer buying opportunities, particularly in financials, industrials, consumer discretionary, and small-cap stocks.
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BitMine increased its ETH holdings by 60,976 last week, while Tom Lee reiterated that the current phase is the "late bear" stage.
Bitmine announced on March 9 that its combined holdings of cryptocurrency, cash, and high-risk, high-return investment projects have reached $10.3 billion, per official sources.
As of 4:00 PM Eastern Time on March 8, 2026, the company’s asset holdings include:
- 4,534,563 ETH
- 195 BTC
- $2 billion in Beast Industries equity
- $140 million in Eightco Holdings equity
- $1.2 billion in total cash
Bitmine Executive Chairman Thomas “Tom” Lee stated: “Against this week’s backdrop of war concerns and surging oil prices, Ethereum’s price has demonstrated resilience. We continue to believe crypto prices are in the late stage—if not the final phase—of a ‘mini crypto winter.’”
Lee cited analysis from Bitmine advisor Tom DeMark, noting ETH’s price trend has an 89% correlation with the S&P 500’s 2011 decline and 93% correlation with its 1987 drop. “If this analogy holds, ETH will bottom out slightly below its recent $1,740 low between March 8 and 14,” he added.
Lee revealed B
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NATO Intercepts Two Ballistic Missiles Entering Turkish Airspace
March 9th, NATO intercepted two ballistic missiles that entered Turkish airspace.
Turkey’s Ministry of National Defense said the country prioritizes good neighborly ties and regional stability—but emphasized any threat to Turkish territory or airspace will be met with all necessary measures, firmly and without hesitation.
Of the two missiles, the second—an Iranian ballistic missile—is believed to have targeted Incirlik Air Base in southern Turkey and was intercepted near the Syria-Turkey border. (Source: Jinshi)
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